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Mastercard Selects New President For European Operations

PYMNTS

He will be tasked with developing strategy, direction and comprehensive success of Mastercard’s operations across 53 countries in Europe. Mastercard’s European businesses cater to more than 950 million people via business partnerships with retailers, financial institutions (FIs) and other companies.

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Metro Cash And Carry Launches App To Help India Shops Digitize

PYMNTS

The Indian arm of German retailer Metro Cash and Carry has announced the launch of an app for kirana stores, allowing retailers to order stock, keep a check on inventory, and facilitate payments directly from their smartphones.

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American Dream Mall Reopens Under Financial Cloud

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Right from the start, the project has been a symbol of the mall format’s troubles as it has had to close with the pandemic, and now reopen in a retail environment in which shoppers are opting for eCommerce. It features 3 million square feet of retail and entertainment space.

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Why Toys Are Making A 2020 Comeback

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In fact, 2020 opened with retail reports decrying the great toy sales slump , citing the 4 percent fall-off in toy sales, the rather tepid holiday sales season reported between 2018 and 2019 and the fact that toy sales came up short during last year’s holiday season. Barbie gross sales rose 29 percent in Q3, to $532.2

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J. Crew’s Longtime CEO Stepping Down

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J.Crew’s longtime leader Mickey Drexler is stepping down as the company’s chief executive as the retailer struggles with a prolonged sales slump and hefty debt load. Drexler, who has been CEO since 2003, will continue to serve as chairman. Brett joined West Elm, a furniture retailer owned by Williams-Sonoma Inc.,

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MGM Resorts Appoints Acting Chief Executive Officer

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Amid the public health crisis in the country and the travel vertical, MGM Resorts International said in an announcement that Chief Operating Officer and President Bill Hornbuckle has been appointed to the position of acting chief executive officer and president. Hornbuckle replaces Jim Murren, the outgoing chairman and CEO.

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Yotpo Joins UPS eCommerce Tech Program For SMBs

PYMNTS

This exciting relationship with Yotpo offers the marketing and shipping tools that SMB customers need to quickly, cost-effectively and smartly propel their operations forward,” said Michele Peters, senior manager of UPS Global eCommerce marketing, in a statement.

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